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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (1051)	2/24/2001 11:19:16 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

One more observation to add. Inter-meeting rate cuts are chiefly a new phenomena. Prior to 1998- there are few instances to survey. From my observation- all of the 'surprise' rate cuts have had an immediate bullish reaction, which was a good opportunity on the long side. The last one however, was short lived, which suggests that the power in the surprise cut is diminished. Given this recent data point, the Fed may want to regain it's power by waiting till the regular meeting this time. Combined with the upticks in inflation indicators, I'd put the odds at no better than 1:1 that there will be an inter-meeting cut. May change my mind if the economic news gets worse.